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What’s Up With Housing?

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Speculation is a major element of the housing bubble formula. Right now, there are not elevated percentages of investors and house flippers. Therefore, there is not an elevated rate of speculation.
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Tiny houses can teach all of us how to stay organized. Here are some tiny-house rules that will work wonders for big homes.
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As investors remain cautiously optimistic in repositioning their portfolios and recalibrating their strategies for 2018, here are eight trends to watch for in multifamily investment for the upcoming year.
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What’s Up With Housing?

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“Convenience is one of the most attractive qualities to Millennials and something real estate developers should keep in mind…”
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NAR says the just-announced tax proposal is “nowhere near as good a deal as the one middle-class homeowners get under current law.” NAHB says it “abandons middle-class taxpayers in favor of high-income Americans and wealthy corporations.”
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Would you live in a shipping container? Check out these inventive recycled container designs.
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Pet owners face unique challenges when buying and selling a home. Not all neighborhoods, houses or condos will love their dog as much as they do.
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If you’re thinking of selling and moving down, waiting might make sense. If you are a first-time buyer or a seller thinking of moving up, waiting probably doesn’t make sense.
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NAR: Before its Dec. 8 expiration date, NFIP will likely be OK’d for another extension to give Congress time to finalize a longer-term revamp of the program.
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What’s Up With Housing This Week?

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34th Street CorridorDevelopers Say St Pete’s 34th Street Corridor is Brimming with Economic Potential.
In the past, this thoroughfare has long been known as a busy yet unappealing stretch of commercial roadway.

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Rising Home Prices2 Out of 3 Buyers Believe Home Prices Will Rise
A Gallup poll finds that 61% of U.S. adults expect home prices to continue rising over the next six months – a new high for the annual survey.
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Housing Bubble? No!3 Reasons the Housing Market is NOT in a Bubble…
Mortgage lending standards are appropriate, new construction is below what is necessary and home prices haven’t even recovered. It appears fears of a housing bubble are over-exaggerated.
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Tesla's Solar Roof TilesTesla’s Solar Roof Tile Systems Hit the Market
The company is taking $1,000 deposits on the virtually “invisible” systems, which it will begin installing next month.The company offers an “infinity” warranty on its tiles that integrate solar power into roof coverings. Tesla has published a web tool that can estimate costs and savings.

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First-Time HomebuyersTampa Bay is Nation’s Second Best Metro for First-Time Homebuyers.
For first- time homebuyers, you can’t beat the Orlando and Tampa Bay areas. Despite steadily rising prices, both are relatively affordable compared to the West Coast and Northeast at a time when nearly half of all buyers are first-timers.
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What’s Up With Housing This Week?

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How to Read and Understand a Title Commitment.
Please join Title Security at 9:30am, April 25, 2017 at our Coffee Corner… Discover how the title commitment relates to the closing and the contract. You’ll walk away understanding how to read all components of a commitment, as well as how to deal with title defects and other requirements that need to be cleared before closing.

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Millennial HomebuyersWhy Rising Interest Rates Won’t Slow Housing Demand.
Title agents answering First American’s real estate sentiment index survey say an increasing desire for homeownership by Millennials and continued affordability will sustain demand.
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Commercial ConstructionFlorida commercial real estate development is booming.
Florida is among the top states in the nation for commercial real estate industry spending impact and the number of jobs the industry sustains.
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Tampa Bay home values rise at second-highest rate among country’s top 35 metro areas.
Bay area home values jumped 11.4 percent from March last year to $183,300.

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PRO LogoMarch 2017 Pinellas County Real Estate Stats Report
Stand Out Stat: Median Sale Price for Single Family was up year-over-year… $230,000 in March 2017 vs. $200,000 in March 2016.

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Interesting Housing News

 

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Top Commercial Tampa Bay ProjectsThis Top 10 list of real estate developments in Tampa Bay shows just how much this area is taking off.
A cool commercial project here, another there. That’s great. But it’s easy to miss the critical mass gathering in Tampa Bay without looking at the area’s best and biggest commercial real estate developments.

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Rising Home PricesAre Rising Prices Scarier Than Rising Interest Rates?
If you’re deciding between renting and buying during Halloween, home prices are your greatest fear.
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Pinellas Realtor OrganizationPinellas Realtor Organization’s Standout Stat for September 2016…
Median Sale Price for Single Family is up 16.6% Year Over Year:  Sept. 2016 – $221,475 … Sept 2015 – $190,000
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Empty Nesters Housing ImpactEmpty Nesters Poised to Make Major Housing Impact.
The population change for seniors, who are defined in this context as 55-plus, is higher than the percentage change for the US population.

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Private Mortgage NotesHow Millennials Are Circumventing the Mortgage Process…
Student loan debt and credit card bills are making it hard for Gen Y to get bank mortgages. Many are turning to private mortgage notes to get around this.
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Tropicana Field SiteTropicana Field 86-acre site vision splits development and public space 60/40.
HKS Architects is putting the final touches on a Trop site master plan that includes a new baseball stadium, towering office buildings, acres of new park space, housing, entertainment and retail.

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Recent Housing News

Florida RealtorsThe lack of affordable housing isn’t just a Florida discussion; it’s a national discussion.  Housing production is not near the level the population requires. Homeownership peaked at 69.2% in June 2004 and has since dropped to 63.5%.

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What is a Smart HomeJust what is a ‘smart home’ anyway?
The definition of a “smart home” is coming under scrutiny. That is because sellers and their agents are using the term to boost sales and prices.
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Should Appraisers Also Be Home Inspectors?Realtors Balk at FHA Rules that Make Appraisers Home Inspectors Too.
Requiring appraisers to take on home inspection-type duties to ensure standards are met appears to blur the line between appraisals and home inspections and has raised questions among consumers, agents and appraisers.
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55+ Home DesignDesigning for 55-Plus: A Whole House Transformation
NEXTAdventure design team is rethinking various rooms in the home to better cater to the 55-plus buyer.

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Mortgage OptionsPrivate Lenders are Changing Mortgages
Investors dip into savings to offer high-price home loans to borrowers rejected by banks; bigger risks, bigger returns.

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Recent Housing News

Appraisal ChallengesHome Prices Are Up…But There is a Challenge
Every house on the market has to be sold twice; once to a prospective buyer and then to the bank (through the bank’s appraisal). And when prices are surging, it is difficult for Appraisers to find adequate, comparable sales to defend the sales price.

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Surviving a Seller's MarketHow To Survive a Seller’s Market
You’re gonna need to bring your A-game, or don’t bother showing up at all.
Check out the survival tips below to stand out from the competition and get the edge.
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Florida RealtorsSurvey: Real Estate is the BEST Investment…
When asked the best place to put money in hopes of future returns, 35% of Americans surveyed said real estate. Only 22% said stocks or mutual funds while 17% said gold.

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Senior Housing OptionsCountry Faces Overwhelming Need for Affordable Seniors Housing Options.
The percentage of seniors who need affordable housing is rising faster than the increase in the elderly U.S. population.
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Shipping Container HomesThe Truth About Building a Shipping Container Home
They’re sleek. They’re innovative. They’re metal. They’re eco-conscious and sustainable. Did we mention hip?  But designing and building one is hard work—and it ain’t cheap.

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http://www.TitleSecurityFL.com